Swadesh Behera is replacing Titan CHRO Raj Narayan who is retiring from the company on June 30. Behera is joining Titan from Boston Scientific Corporation. His previous stints include Ranbaxy and Coca Cola.
Raj Narayan has been with Titan for over eight years now. He has worked with HCL, TNT, SHV Gas, and Metro Cash & Carry before joining Titan Company.
Also, Titan’s CFO S Subramaniam will retire from the company effective June 30. Former L&T Infotech CFO Ashok Kumar Sonthalia will succeed Subramaniam effective July 1.
Sonthalia joined the lifestyle brand on February 1 and will be the CFO designate until his appointment becomes effective from July 1. Sonthalia is a chartered accountant with around 30 years of experience. His previous stints include leadership positions in Greaves Cotton, Tata, Tata Chemicals, and a long-standing association with Tata Steel in various positions.
C K Venkataraman, MD of Titan, said, "Over the last decade, Subbu has been a solid member of the top team at Titan. As CFO, he has enabled the extraction of greater value from the businesses, managed the balance sheet exceptionally well, dealt with multiple regulatory shocks with aplomb, established very strong internal control processes through the introduction of the operations control group, made investor relations a benchmark practice and created a truly A-team in the finance department.”
In 2019, when Venkatraman replaced Bhaskar Bhat as the MD, it was highlighted that at least five other top executives are due to hit retirement age over the next few years. But the company said it has been working to build a strong leadership base over the past three years.